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1107 Peggotty Place Austin, TX 78753

3 Beds 2 Baths 1,291 sqft Built 1985

$195,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $151.05
  • 3 Days on Market
  • MLS # : 3913347
  • Updated Date : 11/08/2020 at 02:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,291 sqft
  • Baths : 2 full
Listing Agent

Re/max Austin Skyline

Listing Agent's Description

**Appointment Required** contact listing agent. Minimum 2 hour notice. Great home in a convenient location on a quiet Cul-de-sac. Waiting for the right owner to add their personal touch. Two roomy bedrooms with full bathroom upstairs, Primary Bedroom and bathroom on main level. Vaulted ceiling in the living area. Generous backyard with plenty of room for playing or gardening. Located within easy commute to I-35, Yager and Braker Lane. MULTIPLE OFFERS RECEIVED - DEADLINE FOR OFFERS IS 5PM MONDAY. Offers will be presented Tuesday morning. Decision will be made by Tuesday evening.

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)
  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.
  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)

PRICE & RENT TRENDS

Neighborhood: Copperfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $96k378k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Copperfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8111966

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Copperfield Elementary School Primary Regular 481 40 5
Westview Middle School Middle Regular 863 63 4
Connally High School High Regular 1,934 138 4

Copperfield Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 40
5
GreatSchools Rating

Westview Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 63
4
GreatSchools Rating

Connally High School

  • Education Level: High
  • # of students: 1,934
  • # of teachers: 138
4
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$719
Property Tax -$389
Property Insurance -$100
Property Management Fees -$107
CASH FLOW
$24

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$195,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,938

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,340

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,368

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3753$1,5004$1,5255$1,645
$1,645
RENT COMPS ANALYSIS
  • 1107 Peggotty Place Austin, TX 1
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.04
    •  
  • 12120 Thompkins Dr Austin, TX 2
    • 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1985
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.98
    •  
  • 11729 Timber Heights Drive Austin, TX 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 2005
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 911 Pyegrave Place Austin, TX 4
    • 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,422 Sqft ∙ Built 1985
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
  • 1213 Silverton Court Austin, TX 5
    • 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1985
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.13
    •  
PROPERTY LISTING DETAILS
Andrea Jacob
1.512.695.3353
Re/max Austin Skyline
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3913347
Last Updated: 11/08/2020
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